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When ETF options start driving bitcoin

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IBIT option volume and BTC chart

Hi readers,

Welcome to our institutional newsletter, Crypto Long & Short. This week:

  • Gregory Mall on how ETFs have shifted a growing share of bitcoin volatility into U.S. equity options markets
  • Top headlines institutions should pay attention to by Francisco Rodrigues
  • Mid-caps show surprising strength in Chart of the Week

Thanks for joining us!

-Alexandra Levis


Expert Insights

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When ETF options start driving bitcoin

– By Gregory Mall, chief investment officer, Lionsoul Global

The launch of U.S. spot bitcoin ETFs marked a structural turning point. The iShares Bitcoin Trust ETF (IBIT) rapidly became one of the fastest-growing ETFs in history, drawing tens of billions into a regulated vehicle. Less discussed, but equally important, is what followed: the rapid expansion of IBIT options.

Over the past year, open interest in IBIT options has climbed into the multi-billion-dollar range. On selected high-volume sessions, activity has approached levels historically associated with Deribit, the cryptocurrency futures and options exchange. A meaningful share of bitcoin’s convexity now sits inside U.S. equity options markets rather than offshore crypto venues.

That shift matters because it changes how volatility is transmitted.

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From offshore leverage to onshore gamma

For most of its history, bitcoin volatility was driven by offshore perpetual futures. Funding imbalances, leverage build-ups and liquidation cascades shaped price action.

ETF options introduce a different mechanism.

When investors buy calls or puts on IBIT, dealers typically sell that optionality and hedge delta exposure. If dealers are short gamma, which is common when investors are net long options, they must buy as price rises and sell as price falls. These hedging flows are inherently procyclical and can amplify underlying moves.

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Because IBIT holds physical bitcoin, hedging does not remain confined to the wrapper. Arbitrage and creation and redemption flows transmit ETF positioning into the underlying market. Bitcoin increasingly participates in the same positioning mechanics that influence equity indices.

The structure of ETF options markets, where investors are generally net long optionality, suggests dealers are often warehousing short gamma during periods of elevated demand. This dynamic likely intensified during the February episode, when volatility had been subdued and crypto-native participants accumulated downside puts. Sustained option buying in a low-volatility regime leaves market makers short convexity across both ETF and offshore venues. When spot breaks, hedging flows can reinforce the feedback loop. In the graph below we show the movement of IBIT option volume and BTC U.S.-hours realized volatility. We can see that the relationship has strengthened over the past weeks.

Chart 1 illustrates the co-movement between IBIT option volume and BTC U.S.-hours realized volatility, showing that their relationship has strengthened in recent weeks. To formally evaluate this relationship, we regress bitcoin realized volatility on lagged IBIT options volume while controlling for BTC funding rates, equity returns (Nasdaq Composite), implied volatility (CBOE Volatility Index, or VIX), short-term interest rate changes and U.S. dollar movements. The results indicate that IBIT options trading activity is significantly associated with BTC volatility even after accounting for broader macroeconomic conditions.

IBIT option volume and BTC chart

Chart 1: Movement of IBIT option volume and BTC U.S.-hours realized volatility

Dependent Variable: BTC Volatility Chart

Table 1: OLS regression IBIT options volume on BTC volatility

Table 1: OLS regression IBIT options volume on BTC volatility

Table 2: BTC volatility distribution pre and post IBIT Options

We split the data into before vs. after IBIT options began trading. For each hour of the day (UTC), we measure how much bitcoin’s price moved in that hour. Then we convert it into a share of the day’s total volatility — so each column adds up to 100%. The highlighted band (14:00-16:00 UTC) lines up with peak U.S. trading activity, especially the U.S. cash equity open. After, IBIT options volatility becomes more concentrated in these U.S. hours — suggesting more price discovery and hedging flow is happening when U.S. markets are most active.

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February as illustration

The early February selloff provides a useful example. Bitcoin fell sharply during one of the most extreme cross-asset deleveraging episodes in recent years. Yet IBIT recorded net creations rather than redemptions, which argues against retail panic.

In a thoughtful Substack post, Jeff Park suggested the catalyst was cross-asset positioning amidst some of the big multistrategy funds rather than crypto-specific stress. Correlations between bitcoin and high-beta software equities tightened materially, indicating multi-asset portfolios were being indiscriminately de-risked.

At the same time, the CME bitcoin basis widened dramatically. Near-dated basis moved from roughly three percent to close to nine percent. Such a move is consistent with multi-strategy funds unwinding delta-neutral basis trades by selling spot or ETFs and buying futures under gross exposure constraints.

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As prices declined into that environment, existing short-gamma positioning may have amplified the downside through mechanical delta-hedging. Dealers’ short convexity must sell into weakness. The sharp rebound that followed on Friday the 6th is consistent with hedges being rebalanced once acute pressure subsided.

The episode illustrates a broader point. Bitcoin now participates in the same balance sheet and derivatives mechanics that govern equities and other risk assets.

Digital gold, or leveraged Nasdaq?

This evolution complicates the “digital gold” narrative. Bitcoin’s correlation with gold has historically been unstable and often close to zero over shorter horizons. BlackRock’s Head of Digital Assets, Robert Mitchnick, has argued that heavy speculative positioning can cause bitcoin to behave more like a leveraged Nasdaq proxy than a macro hedge. This observation is directionally correct. In Chart 3 we are showing that the BTC-Nasdaq correlation during U.S. trading sessions approximately doubled since inception of IBIT options. Increasingly, however, it is not only speculative longs that matter. Delta-neutral strategies and derivatives positioning inside traditional markets now contribute to volatility feedback loops.

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Bitcoin’s correlation with Nasdaq pre- and post IBIT options chart

Chart 2: Bitcoin’s correlation with Nasdaq pre- and post IBIT options

Bitcoin began outside the financial system. The success of IBIT and IBIT options shows it is now embedded within it. For long-term allocators, this does not invalidate the structural case for digital scarcity. It does mean that short-term price action is increasingly shaped by positioning, hedging and cross-asset flows.

Bitcoin is no longer trading outside the system. It is trading inside it.

The information contained herein is provided for informational and educational purposes only and should not be construed as investment, legal, or tax advice. Nothing contained in this document constitutes an offer to sell, or a solicitation of an offer to buy, any securities, investment products, or advisory services.

Lionsoul Global Advisors LLC is registered with the Texas State Securities Board (CRD #: 324883). The advisory services provided by Lionsoul Global Advisors are available exclusively to non-U.S. investors who meet applicable eligibility, accreditation, and qualification standards under relevant laws and regulations.

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Headlines of the Week

By Francisco Rodrigues

Trump’s Mar-a-Lago crypto summit would’ve been unthinkable just a few years ago. Now we’re not only getting that, but also a $17 billion trading volume debut of a crypto-linked ETF and more in a single week.


Chart of the Week

Mid-caps show surprising strength as large caps lag bitcoin

While Bitcoin is down 27.7% YTD and large-cap indices like the CD5 and CD20 are underperforming it (down 30% and 32% respectively), the CD80 is showing resilience with a shallower drawdown of only 20.91%. This represents a 7% relative outperformance against Bitcoin, a reversal of the typical “risk-off” dynamic where smaller assets crash harder than the lead. This strength suggests a “seller exhaustion” phase for mid-caps, where the heavy weightings of idiosyncratic performers like Hyperliquid (HYPE) and Canton Coin (CC) are decoupling from the broader institutional sell-off seen in large-caps.

Chart: Mid-caps show surprising strength as large caps lag bitcoin

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Crypto World

Aptos price jumps 20% as altcoins rally: more gains ahead?

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XRP price outlook as SBI CEO debunks $10B XRP holdings claim
Aptos price jumped 20% to above $1 as Bitcoin rose to above $69,000, with gains for risk ahead of Nvidia earnings lifting cryptocurrencies
  • Aptos price jumped more than 20% to break above $1 on Wednesday.
  • The altcoin’s rally followed a sharp bounce for Bitcoin, which rose to above $69,000.
  • Risk assets gained ahead of Nvidia earnings.

Aptos (APT) is trading around $1.02 amid a broader altcoin uptick, with the token posting a notable 20% surge on February 25, 2026.

The uptick puts APT on the cusp of a breakout above the psychological level and aligns with positive signals from major altcoins. Intraday volume jumped 54% to over $105 million as bulls extended gains from the all-time lows of $0.79 reached on February 23, 2026.

Aptos price surges as Bitcoin storms to $69,000

A look at the broader market suggests momentum during US trading hours came amid sharp gains for the bellwether digital asset Bitcoin.

The surge to above $69,400, with BTC up nearly 8% in the past 24 hours, came as stocks rose ahead of Nvidia’s earnings. Cryptocurrencies also rose as markets reacted to US President Donald Trump’s State of the Union address.

As Bitcoin registered its biggest intraday jump since Feb. 6, Ethereum rose 11% to above $2,064. Polkadot, Avalanche, Uniswap and Litecoin posted double-digit gains.

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Traders remained cautious, though, with analysts at Glassnode noting that the market awaits conviction.

“$BTC is range-bound between key valuation anchors, with $60k–$69k absorbing sell pressure.

Profitability and breadth are fading, spot and ETF flows stay negative, and leverage has reset,” the platform posted on X.

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But gains for BTC and ETH seem to have buoyed Aptos, whose price momentum is strengthened by recent ecosystem growth.

Other than an uptick in daily transactions, the blockchain platform is among 30 chains to go live on Bitwise’s staking solution.

Interest in real-world assets (RWA) and stablecoin adoption is also key to Aptos’ growth.

Prices are up amid these factors.

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Aptos price analysis

Technical indicators show Aptos price off oversold territory, with RSI near 46 to signal potential for a relief rally toward the $1.20-$1.45 resistance levels.

The MACD indicator also signals upside momentum, and rising volume suggests bulls could sustain a breakout above $1.

However, the token’s position below key moving averages means bearish sentiment remains.

On the daily chart, APT is below 50-day SMA at $1.33 while the 100 SMA offers short-term resistance around $1.62.

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Aptos Price Chart
Aptos price chart by TradingView

A sustained move above $1 would invalidate the seller dominance trend. Buyers will also benefit if BTC extends gains to $70k or higher.

However, if downside pressure resumes, with the top digital asset giving up gains, Aptos could drop to recent lows around $0.80. Likely to come into view could also be October 2025 lows of $0.74.

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Largest BNB treasury crashes 95%, blames CZ family office

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Largest BNB treasury crashes 95%, blames CZ family office

The world’s largest BNB treasury company has crashed 95% from its high last year and is blaming the family office of Binance founder Changpeng Zhao (CZ) for a “secret side agreement.”

On Tuesday, it issued a press release demanding that CZ’s YZi Labs disclose a confidentiality provision between his family office and 10X Capital Asset Management LLC, the lead party in the company’s July 2025 PIPE transaction that coincided with its 52-week and multi-year high of $82.88 per share.

Shares of CEA Industries, which changed Nasdaq ticker symbols from VAPE to BNC — an attempt to pivot the company’s brand to a BNB Network Company — now trade at $3.88 after losing 95% of their value over the past seven months.

Before becoming a BNB treasury company during the height of the digital asset treasury (DAT) mania in the summer of 2025, CEA Industries was operating Canadian vape retailers.

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That business model, as well as several business models and pivots including a previous ticker change from CEAD to VAPE, failed to reverse a multi-year decline in its common stock from a $873 peak in 2018 to under $8 by the time of its acquisition of 33 Canadian vape locations. 

By July 2025, the company had yet again began looking for a new trend.

It found a suitor in Cantor Fitzgerald, founded by US Commerce Secretary and Jeffrey Epstein’s former neighbor Howard Lutnick, who acted as the lead financial advisor to 10X Capital and sole placement agent to CEA Industries.

Read more: Binance demands the Wall Street Journal remove ‘damaging’ article

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Another Cantor Fitzgerald-advised treasury flop

Cantor Fitzgerald helped raise capital for other DATs like Twenty One, Bitcoin Standard Treasury Company, and Nakamoto.

In fact, the same 10X Capital that led CEA Industries’ $500 million PIPE also served as financial advisor to Nakamoto, which has declined 99% in value from its May 2025 peak. Twenty One is down 89% since May, and Bitcoin Standard Treasury Company is down 37% since July.

Despite its financial devastation, CEA Industries’ 95% decline is somewhat unremarkable among DATs.

10X Capital acted as CEA Industries’ BNB asset manager “with the support of YZi Labs.” According to CEA Industries, that support is potentially problematic, and it wants to force disclosure of how, exactly, CZ’s family office “supported” 10X Capital’s management of BNB.

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10X Capital’s Chief Investment Officer (CIO) Russell Read became CIO of CEA Industries shortly after the PIPE closed.

By September, the company had relegated him to a non-executive position and by the end of the year, he’d resigned entirely.

Almost everyone lost in BNB treasury debut

Some of the biggest crypto funds invested in CEA Industries via the PIPE, including Pantera Capital, GSR, Arrington Capital, Borderless, Blockchain.com, Arche Capital, Hypersphere Capital, Kenetic, and the founders of BitFury.

There are two sides to every story.

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For its part, YZi Labs has contested CEA Industries’ characterization of the “secret side agreement” as recently as this week.

YZi Labs wants CEA Industries to retract what it calls false claims about that agreement, and it’s requested directors Hans Thomas and David Namdar recuse themselves from asset management discussions.

It also wants to solicit stockholder written consents for board changes.

Amid the infighting, CEA’s common stock has fallen 41% year to date, 67% over the past 12 months, 95% from its 52-week high, and 98% over the past five years.

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3 AI Stocks That Can Outperform Nvidia in March

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NVIDIA Price Analysis

NVIDIA dominates the AI chip market. But dominance doesn’t always mean the best risk-reward. With institutional money flow turning cautious, tariff headwinds on Taiwan-made chips, and a valuation demanding 60%+ sustained growth — smart money is looking at other AI stocks.

Here are three AI stocks that could offer a sharper setup, both technical and fundamental, heading into March 2026. And watch out for a high risk, honorary pick, right at the end.

How is Nvidia (NVDA) Looking?

NVIDIA, the largest holding in the Technology sector (XLK) at 15.79% weightage at press time, reports its Q4 FY2026 earnings on February 25, post-market close.

Wall Street expects high numbers, but recent history shows that hasn’t been enough. After Q3’s $57 billion beat, the stock barely moved and has traded sideways since.

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Despite being up over 50% year-on-year, NVIDIA’s chart has been trading inside a descending channel since late October. At press time, the price appears to be breaking out of this channel — but the breakout needs confirmation.

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A sustained hold above $195, followed by a move through $203 and $212, would flip the structure bullish.

However, if the breakout fails, the $190 and $179 zones have acted as near-term support, with deeper downside risk below that.
The Chaikin Money Flow (CMF) — which tracks whether institutional money is flowing into or out of a stock — remains a concern.

The Chaikin Money Flow (CMF) indicator has remained below the zero line since mid-January, indicating net money continues to leave despite the price recovery.

If CMF fails to flip positive (like mid-January), the price recovery loses its institutional backing, and the descending channel could reassert itself.

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NVIDIA Price Analysis
NVIDIA Price Analysis: TradingView

On the fundamental side, NVIDIA manufactures 100% of its GPUs through TSMC in Taiwan. This fully exposes it to Section 232 semiconductor import tariffs, raising chip costs.

China’s revenue has collapsed under US export restrictions, cutting off the world’s second-largest AI market.

And at 35x EV/EBITDA (a measure of how expensive a stock is relative to its earnings power), NVIDIA needs 60%+ sustained growth just to justify its current price. With these risks in play, three other AI stocks may offer a sharper setup into March.

Taiwan Semiconductor (TSM)

TSMC (TSM), the first stock on the list, is up nearly 100% year-on-year. That outpaces even NVIDIA’s 50% gain and the reason is straightforward. TSMC manufactures over 90% of the world’s most advanced chips.

Every NVIDIA GPU, Broadcom ASIC, and AMD processor runs on TSMC fabrication. It doesn’t matter who wins the AI chip race. TSMC builds for all of them.

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Here’s what most investors miss. TSMC controls NVIDIA’s cost structure. It raised prices 10-20% on advanced chips recently. Customers paid without hesitation as no alternative exists.

Intel is generations behind, and Samsung has yield problems. When TSMC raises prices, its margins expand. When NVIDIA pays those prices, its margins shrink.

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And unlike NVIDIA, TSMC doesn’t pay import tariffs. Tariffs hit the importer, not the exporter. TSMC exports. NVIDIA imports. Plus, TSMC’s new Arizona fabs produce US-made chips — completely tariff-free.

At 18x EV/EBITDA — a measure of price relative to core earnings — TSMC costs nearly half of NVIDIA’s 35x. Last quarter, 1,945 institutions opened new positions, worth $49 billion, one of the highest inflows among AI stocks.

On the chart, TSM trades inside an ascending channel since mid-December. A breakout, which is almost there, could target $470 — over 20% upside, starting in March itself.

CMF reads 0.21, above zero, confirming steady institutional inflow. A push past 0.28 would strengthen the breakout signal.

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TSM Price Analysis
TSM Price Analysis: TradingView

On the downside, $386 is critical support. A correction, likely triggered by the Taiwan-specific geopolitical tensions, could test $362 or $346. Only a sustained break below $346 turns the structure neutral.

Alphabet (GOOGL)

This AI stock might throw a surprise. On the daily chart, Alphabet looks weak. It’s mostly flat year-to-date. Down 7% over the past month. The price is forming a head and shoulders pattern with a downward sloping neckline. But here’s the interesting part.

Since hitting the right shoulder on February 23, the price has tried to rebound. It now sits near the right shoulder level. A break above $319 would weaken the bearish pattern. It turns the structure neutral.

Above $349, the short-term bearish thesis gets completely invalidated.

The CMF tells a different story than the price. While NVIDIA’s CMF remains negative — showing institutional money leaving — Alphabet’s CMF has turned positive at 0.09.

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Similar to TSM, money is flowing in despite the weak price action. A sustained move above 0.19 would confirm institutional accumulation is carrying into Q1 2026.

GOOGL Price Analysis
GOOGL Price Analysis: TradingView

Even in the last quarter, 520 institutions opened new positions averaging $74 million each.

The fundamental edge is unique. Google doesn’t just use AI — it sells cheaper AI infrastructure to NVIDIA’s own customers. Its Ironwood TPUs cost roughly $15,000. NVIDIA’s GPUs cost $30,000-$40,000.

Google Cloud grew 48% last quarter. Operating margin jumped from 17.5% to 30.1% in one year.

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And as a software and services company, Alphabet has zero tariff exposure — unlike NVIDIA’s 100%.

If the price breaks below $286, the bearish pattern confirms. That could push prices toward $276 and lower levels — likely triggered by broader tech selling or disappointing Cloud growth guidance.

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But the CMF divergence and institutional flows suggest smart money is positioning for a reversal, not a breakdown.

Last on the list but not the least. This AI stock is up 64% year-on-year but flat over the last seven days.

An inverse head and shoulders pattern is forming now. This is a classic reversal structure, which can change the short-term weakness. The AVGO price is now moving toward the neckline at $350.

A breakout above that level opens the path for a near 20% move — potentially pushing AVGO close to $420. That breakout window aligns with early March, right around its Q1 FY2026 earnings on March 4. A beat-and-raise on March 4 could be the trigger that cracks the neckline of the bullish pattern.

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AVGO Price Analysis:
AVGO Price Analysis: TradingView

Here’s what makes Broadcom a direct NVIDIA challenger. AI is shifting from the training phase to inference — running models at scale for millions of users. NVIDIA GPUs dominate training. But for inference, custom ASICs are 3-5x more energy-efficient and cost way less.

Broadcom designs these ASICs for Google, Meta, ByteDance, and now OpenAI. As inference scales, Broadcom is positioned for the bigger phase ahead, courtesy of this AI shift.

The Money Flow Index (MFI) — which measures buying and selling pressure using both price and volume — confirms accumulation on dips.

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Since February 10, while prices trended lower, MFI has trended higher. And that’s a bullish divergence. MFI currently sits around 67, still below the overheated 80 threshold. Room to run. This means, possibly retail is picking up AVGO shares at a clip.

On the downside, $314 is critical. A break below would weaken the bullish setup. Under $295, the inverse head and shoulders invalidates entirely. A broader AI spending slowdown or weaker-than-expected March 4 guidance could trigger that scenario.

Honorable Mention: Palantir Technologies (PLTR) — The Risky Bet

Palantir didn’t make the main list of AI stocks, courtesy of the high valuation risk.

But the chart is flashing reversal signals worth watching. Between February 5 and 24, the price made a lower low, yet the relative strength index (RSI), a momentum indicator, made a higher low. That’s a classic bullish divergence.

The CMF confirms it. Between February 9 and 25, prices trended down while CMF trended up. Two separate indicators pointing toward bullishness.

If $126 holds as a base, the first target is $143. Beyond that, $170 — a strong resistance from early January — becomes the key level.

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PLTR Price Analysis
PLTR Price Analysis: TradingView

Fundamentally, Palantir is one of the few AI companies turning AI into real revenue. Last quarter delivered $1.41 billion — up 70% year-on-year. It carries zero debt, $4 billion in cash, and like the three main picks, zero tariff exposure. Pure software.

Here’s the catch. PLTR trades at over 200x P/E — meaning investors are paying $200 for every $1 the company earns. That’s a price tag that assumes everything goes perfectly.

Any stumble in growth, and the stock could fall hard. Moreover, losing $126 invalidates the entire setup.

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Crypto World

Is The Bull Market Back?

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Is The Bull Market Back?

Key points:

  • Bitcoin bulls have pushed the price above $69,000, signaling solid dip buying at lower levels.

  • Several major altcoins have turned up sharply, suggesting that selling pressure is reducing.

Bitcoin (BTC) bulls purchased Tuesday’s dip and are attempting to sustain the price above $69,000 on Wednesday. According to SoSoValue data, BTC exchange-traded funds recorded net inflows of $257.7 million on Tuesday, the largest inflows since Feb. 6. That suggests investors are viewing the dips near $60,000 as a buying opportunity.

Santiment said in a post on X that BTC’s correlation with stocks has broken down in the past six months. The S&P 500 rose 7% during the period, while BTC fell 43%. However, the on-chain data provider added that the disconnection is unlikely to stay forever. If BTC follows its historical pattern of tracking equities during economic expansions, then “it may have significant room to catch up.”

Crypto market data daily view. Source: TradingView

Not everyone is bullish on BTC’s prospects in the short term. Glassnode said in a post on X that BTC’s realized profit/loss ratio (90-day moving average) slipped below 1. Historically, breaks below 1 have resulted in at least six months of loss realization before the level was reclaimed. 

Could BTC and select major altcoins break above their overhead resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

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Bitcoin price prediction

BTC has risen sharply from the $62,510 level on Tuesday, indicating that the bulls are vigorously defending the $60,000 level.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will attempt to thrust the Bitcoin price above the 20-day exponential moving average ($69,375). If they succeed, the BTC/USDT pair may rally to the breakdown level of $74,508, where the bears are again expected to mount a strong defense.

Sellers will have to successfully defend the 20-day EMA if they want to retain the advantage. If the price turns down sharply from the 20-day EMA, the $60,000 support may be at risk of breaking down. If that happens, the pair may plummet to $52,500.

Ether price prediction

Ether (ETH) turned up from the $1,800 level on Tuesday, indicating that the bulls are attempting to retain the price inside the $1,750 to $2,111 range.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The relief rally is expected to face selling at the $2,111 level. If the Ether price turns down sharply from $2,111, the ETH/USDT pair may extend its stay inside the range for a few more days.

Alternatively, if buyers propel the price above the $2,111 level, it suggests that the bears are losing their grip. The pair may then surge to the 50-day SMA ($2,540), where the bears are again expected to step in.

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XRP price prediction

XRP (XRP) turned up sharply and has reached the 20-day EMA ($1.46), indicating that the bulls are attempting a comeback.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

If the XRP price closes above the 20-day EMA, the XRP/USDT pair may rally to the 50-day SMA ($1.70) and eventually to the downtrend line. Buyers will have to clear the hurdle at the downtrend line to signal a potential trend change.

Sellers are likely to have other plans. They will attempt to defend the moving averages and pull the price below the support line. If they can pull it off, the pair may nosedive to the Feb. 6 low of $1.11 and then $1.

BNB price prediction

BNB (BNB) has risen sharply from $577, indicating that the bulls are aggressively defending the $570 level.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will have to swiftly drive the price above the 20-day EMA ($641) to strengthen their position. If they manage to do that, the BNB/USDT pair may rise to $669 and eventually to $730.

Contrary to this assumption, if the BNB price turns down and breaks below $570, it indicates that the bears are in control. The pair may then resume the downtrend toward the psychological level at $500.

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Solana price prediction

Solana (SOL) dipped below the $76 support on Tuesday, but the bears could not maintain the lower levels.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The SOL/USDT pair is attempting a recovery, which is expected to face selling at the 20-day EMA ($87). If the price turns down sharply from the 20-day EMA, the possibility of a break below the $76 level increases. The Solana price may then tumble to the Feb. 6 low of $67.

Instead, if bulls push the price above the 20-day EMA, the relief rally may reach the $95 level. This is a crucial level to watch out for, as a close above $95 suggests that the bulls are back in the game. The pair may then rally toward $117.

Dogecoin price prediction

Dogecoin (DOGE) turned up sharply from the $0.09 level, and the bulls are attempting to drive the price above the 20-day EMA ($0.10).

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are unlikely to give up easily and will strive to defend the 20-day EMA. If the Dogecoin price turns down from the 20-day EMA, it increases the likelihood of a drop to the $0.08 support. Buyers are expected to fiercely defend the $0.08 level, as a close below it may start the next leg of the downtrend to the $0.06 level.

Buyers will have to maintain the price above the 20-day EMA to indicate that the bears are losing their grip. The DOGE/USDT pair may then march toward the breakdown level of $0.12.

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Bitcoin Cash price prediction

Bitcoin Cash (BCH) turned down sharply from the 50-day SMA ($564) and fell below the $500 support on Monday.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA has started to turn down, and the RSI is in the negative territory, indicating an advantage to the bears. That suggests the relief rally to the 20-day EMA is likely to be sold into. If the Bitcoin Cash price turns down from the 20-day EMA, the possibility of a drop to the $443 level increases.

The first sign of strength will be a close above the moving averages. The BCH/USDT pair may then rise to $580 and subsequently to $600.

Related: Bitcoin price climbs 3% as gold divergence signals ‘significant upside’

Hyperliquid price prediction

Hyperliquid (HYPE) fell below the 50-day SMA ($28.10) on Monday, indicating that the bears are attempting to take charge. 

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HYPE/USDT daily chart. Source: Cointelegraph/TradingView

Buyers are striving to push the price back above the moving averages but are likely to face stiff resistance from the bears. If the Hyperliquid price turns down from the moving averages, the HYPE/USDT pair may drop to the solid support at $20.82.

Contrarily, if the price closes above the 20-day EMA ($29.31), it suggests buying at lower levels. The pair may then ascend to $32.50 and later to the stiff resistance at $36.77. The next trending move is expected to begin on a close above $36.77 or below $20.82.

Cardano price prediction

The bears failed to pull Cardano (ADA) to the support line of the descending channel pattern, indicating a lack of selling at lower levels.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The buyers are attempting to make a comeback by sustaining the Cardano price above the 20-day EMA ($0.28). If they manage to do that, the ADA/USDT pair might rally to the downtrend line. 

If the price turns down sharply from the downtrend line and breaks below the 20-day EMA, it suggests that the pair may remain inside the channel for a while. The bulls will have to secure a close above the downtrend line to gain the upper hand.

Monero price prediction

Monero (XMR) fell below the immediate support at $309 on Monday, but the bears could not sustain the lower levels.

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XMR/USDT daily chart. Source: Cointelegraph/TradingView

The bulls are attempting a relief rally, which is expected to face selling at the 20-day EMA ($346) and then at the breakdown level of $360. If the Monero price turns down from the overhead resistance, it suggests a range-bound action between $360 and $300 for some time.

The advantage will tilt in favor of the bulls if they push and maintain the XMR/USDT pair above the $360 level. If they do that, the pair may surge toward the 50-day SMA ($435).